COINBASE:RENDERUSD A rare pattern is observed on Render in the daily - a near perfect W Bottom pattern. Now there are a few rules for a chart pattern to qualify and we're not quite out of the woods yet. The next phase should be a retest of the neckline, where we need to keep CLOSING daily candles ABOVE. A break under this support zone will invalidate the...
Hi traders, My thoughts on RNDR and why this is a local top. However I do give conditions for potential more highs to occur and also why to be bearish in the short term. Please give me a like and share, Regards, S.SAri
Hi All, Its hit a local target and might have some more with the prevailing 4 hrly trend. If we lose the 4 HRLY trend, then its likely to pullback deeper and then we will use our 8 hrly chart. I explain a few things in terms of macro targets and how to approach this asset. All the best, S.SAri